Snap Inc. is an American technology and camera company, founded on September 16, 2011, by Evan Spiegel and Bobby Murphy based in Santa Monica, California. It has three products: Snapchat, Spectacles, and Bitmoji. The company was originally named Snapchat Inc. upon its inception, but it was rebranded on September 24, 2016, as Snap Inc. in order to include the Spectacles product under a single company.
The founders own a combined 95% voting power (Spiegel with 48% and Murphy with 47%), which is undiluted and transferable to the other of the two when one retires or dies.
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Snap Inc. Details
Operating Status:Active
Business TypePublic
HeadquartersSanta Monica, California, United States
Microsoft was reported to be in the process of downsizing its gaming sector, affecting approximately 1,900 employees, which is 9% of its gaming division.
